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For manufacturers, access to timely funds is essential for running operations, meeting working capital requirements, and driving business growth. Bajaj Finance offers business loans of up to Rs. 80 lakh, designed exclusively for manufacturers. With no collateral required, instant online approval, minimal documentation, and quick disbursal within 48 hours*, these loans provide a hassle-free borrowing experience. Flexible repayment options of up to 96 months, the Flexi loan facility, and 24x7 account management make financing simple and affordable. Whether you want to expand production, upgrade machinery, or manage cash flow, our business loan empowers your manufacturing business with ease and convenience.
What is a business loan for manufacturers?
A business loan for manufacturers is a customised financial solution designed to help manufacturing businesses meet their capital needs. It can be used for purchasing raw materials, upgrading machinery, expanding facilities, or managing cash flow. These loans offer flexible repayment options and quick disbursal to support uninterrupted production and growth.
Features and benefits of business loan for manufacturers
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- Loan of up to Rs. 80 lakh: Meet the working capital requirements with a business loan for manufacturers from Bajaj Finance.
- Needs no collateral: Avail of a business loan from Bajaj Finance without any collateral.
- Online approval: Apply online for a hassle-free process and receive quick approval for your loan application within a few minutes.
- Quick processing: Get funds within 48 hours* after approval due to our faster processing of loan applications.
- Doorstep facility: To increase your convenience, we offer a doorstep facility. Our executives will visit your address for further processing.
- Flexi loan facility: With the Flexi loan facility from Bajaj Finance, lower your EMIs by up to 45%*.
- Nominal documentation: Get a business loan for manufacturers from Bajaj Finance by submitting a few documents.
- Easy repayment: With repayment flexibility, pay off your loan with a tenor ranging up to 96 months.
- 24X7 account management: Manage your loan account anytime, anywhere with our online customer portal.
- Check your pre-approved offers: Access exclusive features of business loan and deals with pre-approved offers extended by Bajaj Finance.
How a manufacturer used a business loan to expand capacity?
A manufacturing business loan can help businesses invest in new machinery, increase production capacity, or meet growing customer demand without disrupting day-to-day operations. Here's an example of how such funding can support business expansion.
Let's assume Ramesh, a 42-year-old textile mill owner from Surat, needed Rs. 40 lakh to upgrade his weaving machinery before the export season. He applied for a manufacturing business loan from Bajaj Finance and, after approval, received the funds within 48 hours* in most cases. By opting for a Flexi Loan, he reduced his EMI burden during slower production months, showing how manufacturing loans can support both business growth and better cash flow management.
Eligibility criteria and documents required for business loan for manufacturers
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Business loans for manufacturers are available with Bajaj Finance against easy-to-meet business loan eligibility criteria.
Business vintage
At least 3 years
CIBIL score
Credit score should be 650 or above
Age
21 to 80 years*
(*Age should be 80 years at Loan Maturity)
Citizenship
Indian resident
Documents required
- KYC documents - Aadhaar/passport/voter’s ID/driving license
- PAN card
- Proof of business ownership
- Additional financial documents
Interest rate and charges on a manufacturing business loan
Check your pre-approved business loan offer
How to apply for business loan for manufacturers
The steps to apply for a business loan are simple to follow and take very little time to execute. Here is a quick 4-step guide to follow:
- Click on ‘CHECK ELIGIBILITY’ to open the application form
- Enter your basic personal and business details
- Upload your bank statements for the last six months
- Receive a call from our representative who will guide you on further steps
Once approved, you will get access to funds in just 48 hours*
*Conditions apply
**Document list is indicative
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Frequently Asked Questions
Overview
How to calculate EMIs of business loans for manufacturers?
Bajaj Finance offers an online EMI calculator to help you find the monthly instalments of your business loan for manufacturers.
Can I use a business loan for manufacturing to purchase inventory?
Yes, since this financial product does not have end-use restrictions, one can meet any business requirements.
Do I have to pay any additional charges while applying for a business loan for manufacturers?
We do not levy any hidden charges. But you may have to pay additional charges mentioned on the loan agreement paper as and when necessary.
How to get a better rate on your manufacturing business loan?
You can improve your chances of securing a better interest rate on a manufacturing business loan by maintaining a CIBIL score of 650 or above, managing existing debt responsibly, applying for a suitable loan amount, and submitting complete financial documents. These steps strengthen your eligibility and may help lenders offer more favourable loan terms.
Are manufacturing business loans available for startups?
Manufacturing business loans are generally available to businesses with an established operating history, and standard Bajaj Finance eligibility requires a minimum business vintage of 3 years and a CIBIL score of 650 or higher. If your manufacturing business has completed the required operating period and meets the eligibility criteria, you may qualify for financing. If you are launching a new manufacturing venture without the required business vintage, you may need to explore government schemes, startup-focused funding, or other financing options until your business becomes eligible. Before applying, review the eligibility criteria to identify the most suitable MSME loan for manufacturers based on your business stage.
Why is it harder for manufacturing companies to get a business loan?
Manufacturing business loans can be more challenging to obtain because lenders typically assess capital requirements, repayment capacity, and business stability before approving finance. Manufacturing businesses often require larger loan amounts for machinery and infrastructure, making lender evaluation more detailed.
- Manufacturing businesses usually require significant capital investment, resulting in larger borrowing requirements than many service businesses.
- Businesses seeking a working capital loan for manufacturers may experience fluctuating cash flows due to inventory holding periods and customer credit cycles.
- Lenders also review business vintage, financial records, and credit history to assess repayment ability before approving a loan.
With Bajaj Finance, eligible applicants can avail of a business loan for manufacturers of up to Rs. 80 lakh without providing collateral, subject to meeting the applicable eligibility criteria.
Can I get a manufacturing business loan with a low down payment?
Yes. A manufacturing business loan from Bajaj Finance does not require a down payment or collateral, making it easier for eligible businesses to access funding of up to Rs. 80 lakh. A business loan for manufacturers can help finance machinery, working capital, expansion, or other business requirements, subject to meeting the applicable eligibility criteria.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.